Bloomberg, Sept. 2, 2022–Matt Day, Spencer SoperMWPVL International Inc., which tracks Amazon’s real-estate footprint, estimates Amazon has either shuttered or killed plans to open 42 facilities totaling almost 25 million …
Category: Top National News
Sale-to-List Price Ratio Falls Below 100 Percent for First Time Since March 2021
MortgageOrb, Sept. 2, 2022–Michael BatesThe average home sold for less than its list price for the first time in over 17 months during the four-week period ending August 28, as …
Risky Cash-Out Refinance Loans Now Double in Volume
Mortgage Professional America, Sept. 2, 2022–Candyd MendozaThe latest Milliman Mortgage Default Index estimates the default risk for government-sponsored enterprise acquisitions – purchased and refinanced loans backed by Freddie Mac and …
Are Fannie Mae, Freddie Mac Preparing to Accept VantageScore?
National Mortgage News, Sept. 2, 2022–Brad Finkelstein (subscription)Mortgage lender choice among credit scoring model alternatives reportedly took a step closer to reality, as both Fannie Mae and Freddie Mac supposedly …
Nonbank Mortgage Jobs Plummet for Third Month in a Row
National Mortgage News, Sept. 2, 2022–Bonnie Sinnock (subscription)Nonbank mortgage banks and brokers cut payrolls for the third consecutive month during July as anecdotal reports of widespread industry layoffs continued.https://www.nationalmortgagenews.com/news/nonbank-mortgage-jobs-plummet-for-third-month-in-a-row
Expanded-Credit Lending Holds Up in Tough 2Q22
Inside Mortgage Finance, Sept. 2, 2022–Brandon IveyDespite higher interest rates and volatility in the secondary market, expanded-credit mortgages generally fared well in the second quarter, according to a new ranking …
Odd Lots: Debt, Profit, Alerts
The Housing Scene (UExpress), Sept. 2, 2022–Lew SichelmanYes, the combination of rising mortgage rates and house prices are probably insurmountable for many young homebuyers. But new research has found that …
AmeriSave Wholesale, Suburban Mortgage Close; Homepoint To Lay Off 100s
National Mortgage Professional, Sept. 1, 2022–David KrechevskyBoth Atlanta-based direct-to-consumer lender AmeriSave Wholesale Mortgage Solutions (AWMS) and Phoenix-based lender Suburban Mortgage Inc. abruptly shut down, while Homepoint appears to have laid …
Adjustable-Rate Mortgage Applications Highest in 15 Years
Orange County Register, Sept. 1, 2022–Jeff LazersonMore than 12% of borrowers applied for adjustable-rate-mortgages in June and July, the highest percentages since August 2007, according to a new Zillow analysis. …
Housing Beat for Sept. 1: A Shifting Market With Problematic Data
ValueWalk, Sept. 1, 2022–Phil HallThis week’s housing industry news showed a continued deceleration in mortgage applications, the first increase in time on market in more than two years and a …